Press Releases from Future Market Insights Inc. (635 total)
Automotive Interior Leather Market Set to Reach US$ 54.27 Billion by 2033 at a C …
The automotive interior leather market is anticipated to expand its roots at a steady CAGR of 4.5% between 2023 and 2033. The market is expected to have a market share of US$ 54.27 billion by 2033 while it is likely to be valued at US$ 34.94 billion in 2023.
The increasing preference for lightweight design and optimized efficiency, while also providing relaxation for the driver and passengers, is a major factor driving the…
Motorcycle Chain Sprocket Market Poised for Rapid Growth, Forecasting US$ 3,120. …
Future Market Insights (FMI) has projected the global motorcycle chain sprocket market to grow with year-on-year value growth of 6.2% and reaching a value of about US$ 3,120.5 Million by 2027.
Motorcycle chain sprocket being the lightest transmission possible compared to gear mechanism, in addition to being highly cost-effective in terms of manufacturing versus gear trains, will significantly contribute to the sales of motorcycle chain sprocket, in the coming years.
Moreover, apart from ease of installations…
Automotive Display Units Market Set to Surge, Projected to Reach US$ 69.1 Billio …
The global automotive display units market in 2022 was US$ 36.2 billion and is estimated to be US$ 37.23 billion in 2023. FMI states in its reports that the automotive display units market will expand at a CAGR of 6.41% between 2023 and 2033, totaling around US$ 69.1 billion by 2033.
Technological advancements in automotive display units are estimated to become more important due to the increasing penetration of navigation display…
Power Liftgate Market to Reach US$ 6,229.4 million by 2033, Accelerating at an 8 …
The global power liftgate market in 2022 was US$ 1,300 million and is estimated to be US$ 2,650.23 million in 2023. As per an FMI researcher, the power liftgate market is anticipated to expand at a CAGR of 8.92% between 2023 and 2033, totaling around US$ 6,229.4 million by 2033.
Factors Accelerating the Power Liftgate Market Growth
The rise in the adoption rate in the automotive industry owing to the improvements in…
Automotive Repair & Maintenance Services Market: Surging to US$ 1,850 Billion by …
According to Future Market Insights, the global automotive repair & maintenance services market is expected to be valued at US$ 915.88 billion in 2023. From 2023 to 2033, the market is projected to rise at a CAGR of 7.2% to reach US$ 1,850 billion.
The market presents significant market opportunities for key players due to the growing trend of vehicle customization, higher disposable income levels, and increasing automotive safety regulations. Additionally,…
Automotive Body in White Market Set to Reach US$ 89.4 Billion by year 2033 with …
The global automotive body in white market is worth US$ 63.5 Billion as of now and is expected to reach US$ 89.4 Billion by the year 2033 at a CAGR of 3.5% between 2023 and 2033.
Industrialization, globalization, and expanded supply chains are into strengthening transportation and logistics sector. Plus, there is an increase in the usage of lightweight materials in automobiles for improving fuel efficiency. These factors are expected to…
Electrical Linear Actuator Market to Hit US$ 34.3 Billion by 2032 Amid Rising Ad …
Global sales of "electric linear actuators" totaled a valuation of US$ 20.5 billion in 2022. Over the next ten years (2022 to 2032), the worldwide electric linear actuator market will expand at 5.3% CAGR. The global market size is likely to reach around US$ 34.3 billion.
DC electric linear actuators will continue to remain the top-selling category through 2032. As per Future Market Insights, the target segment will rise at 5.2%…
Access Control Market: Surging Growth, CAGR of 12.4% to Reach $61.31 Billion by …
The Access Control Market is poised for robust growth, with a projected Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period. In 2023, the market is expected to reach a valuation of US$ 19.05 billion, with predictions indicating a significant expansion to surpass US$ 61.31 billion by 2033.
The adoption of access control systems in various industry verticals is expected to propel the market. Information and data security is…
The Future of Biotech Unveiled: Competent Cells Market Soars to US$5.9 Billion b …
By the end of 2022, the market for competent cells is anticipated to reach US$ 2.1 billion, growing at a double-digit rate of 11.1% CAGR (2022-2032). By 2032, the market's sales are projected to be worth $5.9 billion USD. Chemically competent cells held the market's top spot in terms of product type in 2021, with a share of about 67.8%.
The latest research study published by Future Market Insights (FMI) projects the global competent…
Optical Transceivers Market Thrives with 15.2% CAGR, Reaching US$ 39.4 Billion b …
According to a recent survey published by FMI, the global Optical Transreceivers market is expected to grow at a healthy CAGR during the forecast period between 2022 and 2032. the objective of the report is to uncover micro and macro-economic factors accelerating the sales of Optical Transreceivers over the coming decade.
The study offers a detailed analysis of the market outlook including governing factors and examines the scope of market across various segments…
Visionary Insights: Unveiling the Optical Coherence Tomography Market's Thrillin …
The size of the global optical coherence tomography market was estimated at US$ 1.1 billion in 2021 and is anticipated to grow to US$ 1.2 billion in 2022. The overall demand for optical coherence tomography is also expected to increase at an impressive CAGR of 9.8% from 2022 to 2032, reaching over US$ 3.0 Bn by the end of 2032 due to the growing use of optical coherence tomography in clinical and…
Middle East's Booming Veterinary Vaccines Market: Riding the 4.8% CAGR Wave Towa …
According to a recent study by Future Market Insights (FMI), the Middle East veterinary vaccines market is expected to witness moderate growth during the forecast period. The market is expected to grow from US$ 350.08 Mn in 2022 to over US$ 533.4 Mn by 2031. This reflects a cumulative CAGR of around 4.8% over the forecast period (2022-2031).
The demand for veterinary vaccines has increased over the past few years due to the…
Conference Room Solutions Market to expand at a CAGR of 14.8% and cross a worth …
The "conference room solutions market" is slated to expand at a CAGR of 14.8% from 2023 to 2033, according to a recent study published by Future Market Insights. By the end of the said forecast period, a valuation of US$ 6,068.1 Million is projected for the market.
The market is expected to grow substantially as a consequence of multiple variables, including the increasing demand for dependable and cost-effective conference room solutions, expenditures in…
Global Educational Robots Market Set to Reach US$ 5.0 Billion by 2032, Says Futu …
The global "educational robots market" is poised for remarkable growth, with projections indicating a substantial increase in market value over the next decade. According to the latest report by Future Market Insights (FMI), the market size is anticipated to surge to US$ 5.0 billion by the year 2032, from its 2022 valuation of US$ 1.1 billion.
The popularity of educational robots, which is on the rise, can be linked to expansion.…
Empowering Homes: Exploring the Home Energy Management Systems Market
In 2023, it is predicted that the market for "home energy management systems" would bring in US$2,892.4 million. By 2033, demand is projected to reach US$ 104,360.3 million at a CAGR of 17.7%. Growing power usage and cutting-edge technology like the smart grid are the main drivers of this increase.
Market development is made possible by reducing greenhouse gas emissions and potential exposure. to install superior energy-efficient technology and alter energy…
PD-1/PD-L1 Inhibitors Market Predicted to Hit US$ 123.3 Billion by 2033 with 9.6 …
The PD-1/pd-l1 inhibitors market size is anticipated to be valued at US$ 49.5 billion in 2023, rising to US$ 123.3 billion by 2033. Over the forecast period, the market is expected to grow at a substantial CAGR of 9.6%.
Because of the growing worldwide cancer burden, the usage of PD-1 and PD-L1 inhibitors, which are essential immune checkpoint inhibitors used as front-line treatments for a variety of cancers, has increased significantly. Pembrolizumab (KEYTRUDA)…
A Sound Investment: Stethoscope Hygiene Devices Market to Surge at 6.9% CAGR, Re …
According to the most recent industry report by Future Market Insights, the stethoscope hygiene devices market size will be worth approximately US$ 47.4 million in 2022. The market is expected to grow at a CAGR of 6.9% over the projected period, reaching a valuation of US$ 91.4 Million in 2032.
The market for stethoscope hygiene equipment is growing as the older population's requirement for stethoscopes grows. The growing number of elderly people seeking primary…
Microphone Market Worth US$ 4.6 Billion by 2032 | Future Market Insights,Incs
The market for microphones market will have a value of about US$ 2.3 billion in 2022. It would surpass US$ 4.6 billion by 2032. The market's CAGR over the anticipated period would be 7.1%.
Over the next ten years, there will be an increase in demand for hearing aids with excellent microphones. It's blamed on the escalating issue of hearing loss among the elderly.
Even in a setting that is extremely complicated and busy,…
Glucose Monitoring Devices Market Set to Soar to US$ 118.1 Billion by 2033, Ridi …
According to Future Market Insights' most recent industry report, the global glucose monitoring devices market was valued at roughly US$ 21.3 Billion in 2022 and is expected to rise at a CAGR close to 16.9% over the forecast period, reaching an estimated worth of US$ 118.1 Billion in 2033.
Over the past 20 years, diabetes has escalated to a severe health concern with an unparalleled rate of global growth. It is a significant contributor to death in those aged…
Automotive Imaging Radar Market is expected to reach US$ 84.11 billion by 2033 | …
The global automotive imaging radar market is predicted to exhibit astonishing growth, exhibiting a CAGR of 23.61% from 2023 to 2033. According to the recent report published by FMI, the market valuation is likely to hit US$ 10.1 billion in 2023 and US$ 84.11 billion by 2033.
Automotive HD radar is a crucial component of Advanced Driver Assistance Systems (ADAS). Its high precision for range and speed detection plays a critical…
Commercial Vehicle Automotive Thermal System Market Worth US$ 25.40 billion by 2 …
It is expected that the commercial vehicle automotive thermal system market may increase from US$ 16.62 billion in 2023 to around US$ 25.40 billion by 2033, at a CAGR of 4.33%.
In a commercial vehicle, the automotive temperature control system uses technology to maintain a temperature that is optimal for all components. This technology relies on thermodynamics and heat transfer principles.
Thermal management encompasses various forms of heat transfer, such as convection,…
Automotive E-Compressor Market Set to Surge to US$ 5,048.5 Million by 2033, Driv …
The automotive e-compressor market is predicted to be worth US$ 1,730.7 Million in 2023 and rise to US$ 5,048.5 Million by 2033. The global industry was expanding at a CAGR of 7.3% from 2018 to 2022.
The demand for automotive e-compressor is driven by the increased popularity of vehicle electrification or hybridization during the projected period. However, one of the key restraints for the global market is the high installation and…
Locomotive Traction Transformer Market Poised for 4.4% CAGR Growth to Reach US$ …
The locomotive traction transformer market is expected to grow at a CAGR of 4.4% from 2023 to 2033. The market is projected to reach a valuation of US$ 737.7 Million by 2033, from the current valuation of US$ 479.6 Million in 2023.
During the current forecast period, several factors positively influence the growth of the locomotive tractions market. Factors include rising investment in public transportation, the upgradation of railway infrastructure with…
Global Automotive OEM Market Predicted to Reach US$ 52.90 Billion by 2033 with a …
According to Future Market Insights (FMI) reports, the global automotive OEM market is poised to achieve a steady compound annual growth rate (CAGR) of 4.17% throughout the forecast period. As of 2023, the market is valued at US$ 35.16 Billion. Looking ahead, projections suggest that the automotive OEM market's value is set to soar, with an estimated market valuation of US$ 52.90 Billion by the year 2033.
Notably, during the base…
Dashboard Camera Market Set to Reach US$ 13 Billion by 2032 with 18.3% CAGR | Fu …
The global dashboard camera market is anticipated to reach a valuation of US$ 13 Billion by 2032, with the market expanding at a prolific CAGR of 18.3% from 2022 to 2032. Valued at US$ 2 Billion in 2021, the target market is set to reach 2.4 Billion in 2022.
Dashboard cameras gain high application in personal vehicles. With the rising expansion and demand for personal vehicles, the market for dashboard cameras…
Remote Learning Technology Spending Market: Projected to Reach US$ 298.4 Billion …
In the dynamic landscape of education technology, the Remote Learning Technology Spending Market is set to make substantial strides. By 2023, this market is projected to be valued at US$ 77,734.4 million, and it is expected to experience remarkable growth, surging to US$ 298,446.04 million by 2033. This impressive expansion is underpinned by a robust compound annual growth rate (CAGR) of 14.7% throughout the forecast period.
Ready to Gain Knowledge? Grab…
Microcontroller Unit Market Size to Grow Above US$ 70.6 Billion by 2033 Driven b …
The global "microcontroller unit market" is forecast to reach 30.9 billion in 2023. Worldwide microcontroller unit sales will rise at 8.6% CAGR between 2023 and 2033. By the end of 2033, the global market for microcontroller units will reach US$ 70.6 billion.
Demand remains especially high for 32-bit microcontroller units worldwide. The target segment is set to expand at 8.5% CAGR between 2023 and 2033.
Rising applications in consumer electronics and automotive sectors is driving the global market. Increasing penetration of…
Electrophysiology Market Soars to US$22.67 Billion, with a CAGR of 11.6% Predict …
By 2033, the electrophysiology market is expected to be worth US$22.67 billion, growing at a CAGR of 11.6%, according to FMI. The market is expanding quickly, and in 2023 it's anticipated to be worth US$7.57 billion.
The increasing demand for minimally invasive, safer, and efficient electrophysiology therapies has transcended the electrophysiology market growth. The latest electrophysiology catheters, devices, and access devices offer advanced cardiac electromapping, ablations, and diagnostic procedures. The next-generation electrophysiology devices…
Pharmaceutical Lipids Market Gears Up for Remarkable 5.0% CAGR, Targeting US$8.0 …
During the forecast period, the pharmaceutical lipids market is expected to grow at a 5.0% average CAGR. The market is predicted to generate $4.93 billion in sales in 2023 and reach $8.04 billion in value by 2033.
According to a recent market analysis by Future Market Insights (FMI), the global Pharmaceutical Lipids Market will be worth $4.44 billion in 2021. With sales increasing at a 5.1% CAGR, the market is expected to be worth…
Exploring Growth Prospects: Surgical Tourniquets Market to Reach US$ 812.2 Milli …
According to a recent market analysis conducted by Future Market Insights (FMI), the global surgical tourniquets market was valued at US$ 444.5 Million in 2021 and is anticipated to reach US$ 812.2 Million by 2029.
Surgical tourniquets have long been reliable to establish a bloodless field of operation for surgeons while maintaining a high level of safety for patients. However, the risk of surgical-site infections as well as tourniquet-related injuries, particularly due to…
Hyper-Converged Systems Market is Anticipated to Surge at a CAGR of 26.5% to Rea …
The "hyper-converged systems market" is predicted to be worth US$ 12.33 billion in 2023, and rise to US$ 129.38 billion by 2033. The global market was expanding at a CAGR of 26.5% from 2023 to 2033. Demand for hyper-converged systems is primarily related to the rise in the trend of virtualization solutions among large and small businesses, as well as the demand for affordable and effective IT solutions.
Organizations can lower the cost…
AI Deception Tools Market Set to Soar, Projected to Reach US$ 2,608.5 Million by …
The "AI deception tools market" is poised for significant growth, with a projected value of US$ 288.4 million in 2023. According to industry experts, this market is anticipated to exhibit a robust CAGR of 24.6% during the forecast period, potentially reaching a staggering US$ 2,608.5 million by 2033. This meteoric rise can be attributed to the escalating adoption of cybersecurity technologies, necessitating advanced IT security solutions.
Attackers can access cloud systems…
DNA Synthesis Market: A Lucrative Opportunity for Stakeholders with a Projected …
Anticipated to reach a value of $2,898.3 million in 2023, the DNA Synthesis Market is poised for a remarkable ascent, projecting a substantial surge to $9,999.6 million by 2033. Foreseen to exhibit an impressive compound annual growth rate (CAGR) of 13.2%, DNA synthesis sales are set to chart an extraordinary trajectory over the forecast period.
The natural creation of nucleic acid strands through DNA replication is referred to as DNA synthesis. They are…
Identity Governance and Administration Market: Strong Growth Projected at 13.5% …
The global "Location Analytics Market" is poised for exceptional growth, with a projected Compound Annual Growth Rate (CAGR) of 14.8% between 2023 and 2033. According to the latest industry data, the market is currently valued at US$ 20.66 billion in 2023 and is predicted to surge to a staggering US$ 82.14 billion by the year 2033.
Sales of location-based system solutions are being driven by the growing use of smartphones and location-based appliances.…
Financial Outlook: Implantable Collamer Lens Market Set to Quadruple to US$ 838. …
As per Future Market Insights' latest industry analysis, the valuation for the global Implantable Collamer Lens Market was around US$ 212.9 Mn in 2021. Sales are projected to grow at a 13.1% CAGR over the forecast period, with the market valuation reaching US$ 838.2 Mn in 2032.
Since phakic intraocular implants were approved two decades ago, refractive surgeons have chosen to utilize them to treat myopia that is unresponsive to excimer laser treatment.…
Capitalizing on Diabetes Management: The Insulin Pumps Market's Path to US$ 14.8 …
The Insulin Pumps Market revenues were estimated at US$ 5.5 Bn in 2022 and are anticipated to grow at a CAGR of 10.3% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach US$ 14.8 Bn. The demand for tethered pumps is projected to garner an absolute dollar opportunity of US$ 6.7 Bn during 2022 - 2032.
One of the reasons…
Strategies for Stakeholders: Navigating the US$15.6 Billion Cell Therapy Manufac …
Anticipated to attain a valuation of approximately US$ 4,134.48 million in 2023, the global market for Cell Therapy Manufacturing is on a trajectory of substantial growth. This expansion is projected to continue at a Compound Annual Growth Rate (CAGR) of 14.2% spanning from 2023 to 2033. By the culmination of 2033, it is expected that the market will surge to an estimated valuation of around US$ 15,634.67 million. Notably, autologous cell therapy…
The Rising Financial Tide: HIV-1 Market's Potential Valuation of US$ 34.83 Billi …
The global Human Immunodeficiency Virus Type 1 (HIV 1) Market is predicted to exceed a remarkable valuation of US$ 34.83 Billion in 2023, with a compound annual rate of growth (CAGR) of 6% estimated from 2023 to 2033. The Institute for Health Metrics and Evaluation attributes the industry's growth to the soaring incidence rate of HIV-1 infection, which, unlike the deaths caused by this viral illness, has not updated substantially over time.
It…
Microprocessor Market Poised for Exponential Growth: Projected to Reach US$ 139. …
The global microprocessor market is set to witness remarkable growth, with an estimated valuation of US$ 74.55 billion in 2023. Projections indicate that this market is poised to expand even further, reaching an impressive US$ 139.94 billion by the year 2033. The forecasted period is expected to see the sales of microprocessors surge at an impressive Compound Annual Growth Rate (CAGR) of 6.5%.
The increasing demand for microprocessors across various industries is a…
The Rising Tide of Medical Terahertz Technology From 17.1 % of CAGR to US$ 768.0 …
The global Medical Terahertz Technology Market size is valued at US$ 135.29 million in 2022, with a 17.1% CAGR expected to reach US$ 768.05 million by 2032.
Terahertz technology is boosting pharmaceutical market expansion due to applications in biology and medicine, medical imaging, spectroscopy of materials, sensing, security, monitoring, and spectroscopy, as well as applications in sensing, security, monitoring, and spectroscopy.
Furthermore, due to its high power and picosecond pulse time structure, the Terahertz free-electron…
Automotive Interior Ambient Lighting System Market Expected to Reach US$ 69.1 Bi …
The global automotive interior ambient lighting system market in 2022 was US$ 36.2 billion and is estimated to be US$ 37.23 billion in 2023. According to the Future Market Insights Market report, the interior ambient lighting system market is projected to expand at a CAGR of 6.41% between 2023 and 2033, totaling around US$ 69.1 billion by 2033.
Key Takeaways from the Market Study
-The global automotive interior ambient lighting system market…
Automotive Steering System Market to Reach US$ 38.0 Billion by 2033, Fueled by P …
The global automotive steering system market is expected to grow at an average CAGR of 4.6% from 2023 to 2033. The target market will accrue a revenue of US$ 38.0 billion by 2033 as opposed to US$ 24.1 billion in 2023. Historically, the market for automotive steering systems registered a CAGR of 2.3% from 2015 to 2021.
Factors like surging sales of passenger vehicles, rising demand for fuel-efficient vehicles, the development…
Zinc-Air Batteries Market to Expand at 5.7% CAGR, Crossing US$ 3.5 Billion by 20 …
The Zinc-Air Batteries Market is poised for substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 5.7% over the forecast period from 2023 to 2033. The market size for zinc-air batteries is predicted to experience significant expansion, expected to increase from US$ 2.0 Billion in 2023 to reach US$ 3.5 Billion by 2033.
As the world embraces the power of renewable energy sources and eco-friendly practices, these cutting-edge batteries…
Traffic Sign Recognition System Market Set to Reach US$ 53.34 Million by 2032 wi …
The traffic sign recognition system market is anticipated to reach a valuation of US$ 53.34 Million by 2032, according to a recent market analysis by Future Market Insights (FMI). The market is anticipated to expand by a CAGR of 3.5% over the forecast period.
Traffic sign recognition systems became more sophisticated and work with great precision in the future due to the extensive use of technology in their production. Moreover, these technologies…
Growth Accelerates: Compact Wheel Loaders Market Projected to Surpass US$ 6,322. …
The compact wheel loaders market is likely to reach a valuation of US$ 3,866.7 million in 2023. According to FMI estimation, the market is anticipated to expand at a 5.04% CAGR from 2023 to 2033 and is predicted to value at US$ 6,322.1 million by the end of 2033.
A huge range of industrial applications like loading and off-loading, landscaping, digging, and material handling might be used in congested areas accelerating…
Lightweight Automotive Body Panels Market Set to Reach US$ 191.4 Billion by 2033 …
The lightweight automotive body panels market size is projected to be valued at US$ 122,054.9 million in 2023 and is expected to rise to US$ 191,369.2 million by 2033. The sales of lightweight automotive body panels market are predicted to thrive at a significant CAGR of 4.6% during the forecast period.
The lightweight automotive body panels market is experiencing significant growth, primarily driven by the rising production of commercial vehicles and…
Ethernet Storage Fabric Market to Reach $6.5 Billion by 2033, Driven by Growing …
By 2033, it is expected that the market for "Ethernet storage fabric market" would be valued US$6.5 billion. 13.1% CAGR is anticipated for the anticipated period. In 2023, the valuation is anticipated to reach US$ 1.9 billion.
Ethernet storage fabrics are used by telecommunications companies to provide efficient data offloading and flow. The telecoms industry is projected to be valued US$2.5 trillion by 2033. These statistics demonstrate that there are numerous chances for…
Investing in Mental Wellness: Behavioral Health Market's Journey to US$ 156.2 Bi …
The global Behavioural Health Market brought in US$ 128.2 billion in revenue in 2017, and it is predicted that between 2022 and 2028, when its value will reach US$ 156.3 billion, it will increase at a 3.4% CAGR.
North America is predicted to have the biggest revenue share in the global market for behavioral health throughout the course of the forecast period. Since almost 43.8 million adult Americans today suffer from a mental…
Analgesics Market on the Rise Expected to Surpass US$ 132.0 Million by 2033 with …
According to FMI reports, the global Analgesics Market can soar at a rate CAGR of 4.2% from 2023-2033. The net worth of the market share of the analgesics industry is predicted to go from US$ 87.3 Mn in 2023 to over US$ 132.0 Mn by 2033.
People with acute, chronic diseases such as heart disease, cancer, diabetes, stroke, and arthritis, as well as infectious diseases like gastrointestinal, respiratory, and neurological ailments, are becoming…
Amniotic Membranes Market's Staggering Growth Pathway, Targeting US$ 2.3 Billion …
The value of the global Amniotic Membranes Market is anticipated to reach approximately US$ 1.4 Bn in 2022. The total sales of amniotic membranes are also anticipated to increase at an impressive CAGR of 9.0% between 2022 and 2028, reaching over US$ 2.3 Bn by the end of 2028 due to the increasing adoption of amniotic membranes for various purposes in ophthalmology.
According to the latest market report published by Future Market Insights,…
